OPEC compliance 110% in Sep for 12 members with quotas: Platts survey

Highlights OPEC, allies surpass targeted 1 million b/d increase Saudi Arabia raises output by 110,000 b/d in September Iran drops 100,000 b/d as customers flee Libya pumps most since June 2013 as militancy eases London — OPEC’s 15 countries boosted crude oil output in September to 33.07 million b/d, a 180,000 b/d rise from August, according to an S&P Global Platts survey of analysts, industry officials and shipping data released Friday, as the producer group seeks to instill confidence in its ability to keep the market well-supplied. Receive daily email alerts, subscriber notes & personalize your experience. Register Now That is the most OPEC has pumped since July 2017, if the Republic of Congo, which joined the organization in June, is not included. The survey indicates that OPEC and its 10 non-OPEC partners, led by Russia, have surpassed their stated aim of raising production by a combined 1 million […]